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85 Rangeway Road

Meta Materials Inc Leases Office Space At 85 Rangeway Rd In North Billerica, MA
LEASED

Meta Materials Inc Leases Office Space At 85 Rangeway Rd In North Billerica, MA

85 Rangeway Road

$16

$16/SF

Building Size

12,655 SF

Asset Type

Closing

Feb 2, 2020

AI

The office property located at 85 Rangeway Rd in North Billerica, MA has been leased to Meta Materials Inc. The lease transaction was facilitated by brokers Jim Bartholomew & Mike Ogasapian from R.W. Holmes. The property is owned by K&L Realty.

Summary of transaction details

  • Property Type: Office
  • Lease Date: 02/03/2023
  • Address: 85 Rangeway Rd, North Billerica, MA
  • Market: North Billerica, MA
  • Landlord: K&L Realty
  • Tenant: Meta Materials Inc
  • Brokers: Jim Bartholomew & Mike Ogasapian - R.W. Holmes
  • Asking Rent: $16.50/ft.
  • Square Footage: 12,655 SF

Jim Bartholomew and Mike Ogasapian from R.W. Holmes represented Meta Materials Inc in the lease deal. Their expertise in the local market and knowledge of office properties contributed to successfully securing the lease for their client. K&L Realty, the owner of the property, leased it to Meta Materials Inc for a competitive rent of $16.50 per square foot.

Players

Mike Ogasapian

R.W. Holmes Commercial Real Estate

Broker

$20.3M

vol

12 deals

Broker
KR
K&L RealtyLandlord
MI
Meta Materials IncTenant

North Billerica CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

991437.50%

Cash-on-Cash

-283355.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93